CSFB Increases Stelco (STLC) Price Target to C$32.00

Stelco (TSE:STLC) had its price objective upped by CSFB from C$29.00 to C$32.00 in a research note released on Wednesday.

Separately, BMO Capital Markets restated an outperform rating and issued a C$25.00 price target on shares of Stelco in a research note on Wednesday, December 13th.

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Stelco (TSE STLC) opened at C$24.31 on Wednesday. Stelco has a 52 week low of C$17.72 and a 52 week high of C$26.99. The firm has a market capitalization of $2,160.00 and a P/E ratio of 0.62.

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About Stelco

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.